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Become A Lead Business Analyst

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Working As A Lead Business Analyst

  • Getting Information
  • Communicating with Supervisors, Peers, or Subordinates
  • Establishing and Maintaining Interpersonal Relationships
  • Analyzing Data or Information
  • Organizing, Planning, and Prioritizing Work
  • Deal with People

  • Mostly Sitting

  • $97,000

    Average Salary

What Does A Lead Business Analyst Do

Management analysts, often called management consultants, propose ways to improve an organization’s efficiency. They advise managers on how to make organizations more profitable through reduced costs and increased revenues.

Duties

Management analysts typically do the following:

  • Gather and organize information about the problem to be solved or the procedure to be improved
  • Interview personnel and conduct onsite observations to determine the methods, equipment, and personnel that will be needed
  • Analyze financial and other data, including revenue, expenditure, and employment reports
  • Develop solutions or alternative practices
  • Recommend new systems, procedures, or organizational changes
  • Make recommendations to management through presentations or written reports
  • Confer with managers to ensure changes are working

Although some management analysts work for the organization that they analyze, most work as consultants on a contractual basis. 

Whether they are self-employed or part of a large consulting company, the work of a management analyst may vary from project to project. Some projects require a team of consultants, each specializing in one area. In other projects, consultants work independently with the client organization’s managers.

Management analysts often specialize in certain areas, such as inventory management or reorganizing corporate structures to eliminate duplicate and nonessential jobs. Some consultants specialize in a specific industry, such as healthcare or telecommunications. In government, management analysts usually specialize by type of agency.

Organizations hire consultants to develop strategies for entering and remaining competitive in today’s marketplace.

Management analysts who work on contract may write proposals and bid for jobs. Typically, an organization that needs the help of a management analyst solicits proposals from a number of consultants and consulting companies that specialize in the needed work. Those who want the work must then submit a proposal by the deadline that explains how the consultant will do the work, who will do the work, why they are the best consultants to do the work, what the schedule will be, and how much it will cost. The organization that needs the consultants then selects the proposal that best meets its needs and budget.

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How To Become A Lead Business Analyst

Most management analysts have at least a bachelor’s degree. The Certified Management Consultant (CMC) designation may improve job prospects.

Education

A bachelor’s degree is the typical entry-level requirement for management analysts. However, some employers prefer to hire candidates who have a master’s degree in business administration (MBA).

Few colleges and universities offer formal programs in management consulting. However, many fields of study provide a suitable education because of the range of areas that management analysts address. Common fields of study include business, management, economics, political science and government, accounting, finance, marketing, psychology, computer and information science, and English.

Analysts also routinely attend conferences to stay up to date on current developments in their field.

Licenses, Certifications, and Registrations

The Institute of Management Consultants USA (IMC USA) offers the Certified Management Consultant (CMC) designation to those who meet minimum levels of education and experience, submit client reviews, and pass an interview and exam covering the IMC USA’s code of ethics. Management consultants with a CMC designation must be recertified every 3 years. Management analysts are not required to get certification, but it may give jobseekers a competitive advantage.

Work Experience in a Related Occupation

Many analysts enter the occupation with several years of work experience. Organizations that specialize in certain fields typically try to hire candidates who have experience in those areas. Typical work backgrounds include experience in management, human resources, and information technology. 

Advancement

As consultants gain experience, they often take on more responsibility. At the senior level, consultants may supervise teams working on more complex projects and become more involved in seeking out new business. Those with exceptional skills may eventually become partners in their consulting organization and focus on attracting new clients and bringing in revenue. Senior consultants who leave their consulting company often move to senior management positions at nonconsulting organizations.

Important Qualities

Analytical skills. Management analysts must be able to interpret a wide range of information and use their findings to make proposals.

Communication skills. Management analysts must be able to communicate clearly and precisely in both writing and speaking. Successful analysts also need good listening skills to understand the organization’s problems and propose appropriate solutions.

Interpersonal skills. Management analysts must work with managers and other employees of the organizations where they provide consulting services. They should work as a team toward achieving the organization’s goals. 

Problem-solving skills. Management analysts must be able to think creatively to solve clients’ problems. Although some aspects of different clients’ problems may be similar, each situation is likely to present unique challenges for the analyst to solve.

Time-management skills. Management analysts often work under tight deadlines and must use their time efficiently to complete projects on time.

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Lead Business Analyst Jobs

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Lead Business Analyst Career Paths

Lead Business Analyst
Information Technology Project Manager Management Consultant Senior Business Analyst
Analytical Manager
8 Yearsyrs
Program Manager Chief Operating Officer Operations Consultant
Business Operations Consultant
10 Yearsyrs
Senior Consultant Business Systems Senior Analyst
Business Systems Manager
9 Yearsyrs
Functional Lead SAP Consultant Customer Relationship Management Consultant
Customer Relationship Management Manager
7 Yearsyrs
Product Manager Marketing Manager Marketing Manager/Project Manager
Digital Project Manager
6 Yearsyrs
Business Analyst/Project Manager Information Technology Project Manager Senior Manager
Director Of Analytics
12 Yearsyrs
Senior Consultant Senior Manager Controller
Finance Director
10 Yearsyrs
Senior Project Manager Senior Director Vice President
Partner
6 Yearsyrs
Solutions Architect Information Architect User Experience Designer
Product Lead
7 Yearsyrs
Functional Lead Quality Assurance Lead Project Manager/Analyst
Product Manager/Analyst
5 Yearsyrs
Project Manager Information Technology Project Manager Information Technology Director
Senior Director Of Information & Technology
14 Yearsyrs
Program Manager Contractor/Consultant Senior Analyst
Senior Managment Analyst
7 Yearsyrs
Information Technology Project Manager Estimator Project Manager Operations Project Manager
Senior Operations Project Manager
10 Yearsyrs
Support Lead Business Analyst Senior Finance Analyst
Senior Pricing Analyst
7 Yearsyrs
Product Manager Brand Manager Social Media Manager
Strategist
6 Yearsyrs
Business Analyst/Project Manager Program Manager Supply Chain Manager
Supply Chain Director
14 Yearsyrs
Project Manager Program Manager
Supply Chain Manager
10 Yearsyrs
Senior Project Manager Senior Product Manager Director Of Product Development
Vice President Product Development
13 Yearsyrs
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Do you work as a Lead Business Analyst?

Help others decide if this is a good career for them

Average Length of Employment
Business Analyst 2.9 years
Top Careers Before Lead Business Analyst
Consultant 4.4%
Developer 1.8%
Top Careers After Lead Business Analyst
Consultant 4.6%
Manager 1.6%

Do you work as a Lead Business Analyst?

Lead Business Analyst Demographics

Gender

Male

56.3%

Female

41.6%

Unknown

2.2%
Ethnicity

White

45.8%

Asian

27.9%

Hispanic or Latino

10.8%

Black or African American

9.7%

Unknown

5.9%
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Foreign Languages Spoken

Spanish

43.1%

Hindi

10.3%

German

6.9%

French

6.9%

Urdu

6.9%

Chinese

3.4%

Mandarin

3.4%

Portuguese

1.7%

Sami

1.7%

Ukrainian

1.7%

Marathi

1.7%

Turkish

1.7%

Persian

1.7%

Arabic

1.7%

Italian

1.7%

Gujarati

1.7%

Thai

1.7%

Russian

1.7%
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Lead Business Analyst Education

Schools

University of Phoenix

16.0%

Villanova University

6.7%

New York University

5.2%

George Washington University

5.2%

DePaul University

5.2%

More Tech Institute

5.2%

Syracuse University

4.8%

Webster University

4.8%

Pennsylvania State University

4.8%

New Jersey Institute of Technology

4.5%

Drexel University

4.5%

Michigan State University

4.1%

George Mason University

4.1%

Strayer University

3.7%

Auburn University

3.7%

Cleveland State University

3.7%

Johns Hopkins University

3.7%

University of Southern California

3.3%

University of Denver

3.3%

University of Houston

3.3%
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Majors

Business

26.9%

Computer Science

12.3%

Finance

7.9%

Computer Information Systems

6.2%

Information Technology

5.3%

Management

4.9%

Project Management

4.7%

Electrical Engineering

3.8%

Management Information Systems

3.6%

Computer Engineering

3.4%

Computer Applications

3.4%

Information Systems

2.8%

Marketing

2.7%

Accounting

2.7%

Engineering

2.6%

Economics

1.5%

International Business

1.5%

Mathematics

1.4%

Management Science

1.3%

English

1.2%
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Degrees

Masters

40.1%

Bachelors

38.9%

Other

11.7%

Certificate

4.1%

Associate

2.4%

Diploma

2.1%

Doctorate

0.6%
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Real Lead Business Analyst Salaries

Job Title Company Location Start Date Salary
Business Analyst Lead Jpmorgan Chase & Co. Jersey City, NJ Jul 01, 2016 $175,000
Business Analyst Lead, Business Travel Airbnb, Inc. San Francisco, CA Aug 03, 2016 $165,500
Lead Business Analyst MUFG Union Bank, N.A. San Francisco, CA Sep 11, 2015 $155,000
Business Analyst Lead Jpmorgan Chase & Co. New York, NY Feb 10, 2015 $155,000
Business Analyst Lead Jpmorgan Chase & Co. New York, NY Feb 02, 2015 $150,000
Business Analyst Lead Jpmorgan Chase & Co. New York, NY Feb 20, 2015 $150,000
Business Analyst Lead Jpmorgan Chase & Co. Jersey City, NJ Jul 12, 2015 $150,000
Lead Business Analyst GFT USA Consulting LLC New York, NY Jun 01, 2016 $150,000 -
$165,000
Lead Business Analyst GFT USA Consulting LLC (Formerly Rule Financial) New York, NY Oct 22, 2015 $150,000 -
$165,000
Lead Business Analyst GFT USA Consulting LLC New York, NY Aug 26, 2015 $150,000 -
$165,000
Lead Business Analyst Cognilytics, Inc. Milpitas, CA Mar 10, 2016 $145,662
Business Analyst Lead Jpmorgan Chase & Co. New York, NY Feb 07, 2015 $145,000
Business Analyst Lead Jpmorgan Chase & Co. Jersey City, NJ Feb 05, 2016 $145,000
Lead Business Analyst KSN Technologies, Inc. Hoffman Estates, IL Jul 09, 2016 $140,000
Lead Business Analyst Netcracker Technology Corporation Overland Park, KS Aug 26, 2016 $108,419
Business Analyst Lead Quality Software Services, Inc. McLean, VA Mar 05, 2016 $108,047
Business Analyst Lead Quality Software Services, Inc. Washington, DC Mar 05, 2016 $108,047
Lead Business Analyst, Offer Capabilities American Express Travel Related Services New York, NY Jan 10, 2015 $108,000
Lead Consultant/Business Analyst Capgemini Financial Services USA Inc. (Legacy Kanbay) Sioux Falls, SD Oct 02, 2016 $108,000
Lead Business Analyst Axeon Refining LLC San Antonio, TX Apr 03, 2016 $108,000
Business Analyst Lead JP Morgan Chase & Co Newark, DE Mar 17, 2016 $107,900
FIS Lead Business Analyst Marsh & McLennan Shared Services Corporation Hoboken, NJ Nov 23, 2016 $91,800 -
$109,924
Lead Business Analyst Linedata Services (BFT), Inc. Seattle, WA Feb 12, 2015 $91,701
Lead Business Analyst Linedata Services (BFT), Inc. Seattle, WA Aug 07, 2015 $91,701
Lead Business Analyst Globallogic, Inc. Menomonee Falls, WI Nov 17, 2016 $91,374 -
$120,000
Lead Consultant/Business Analyst Capgemini Financial Services USA Inc. Atlanta, GA May 06, 2015 $91,312
Lead Consultant/Business Analyst Capgemini Financial Services USA Inc. Mettawa, IL Jul 26, 2015 $90,376
Lead Consultant/Business Analyst Capgemini Financial Services USA Inc. Minneapolis, MN May 10, 2015 $90,334
Lead Business Analyst/Pega Prpc Genisys Technologies, Inc. Plymouth, MN Apr 03, 2015 $90,000

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AVERAGE SALARY FOR A Lead Business Analyst

Average Yearly Salary
$97,000
View Detailed Salary Report
$73,000
Min 10%
$97,000
Median 50%
$97,000
Median 50%
$97,000
Median 50%
$97,000
Median 50%
$97,000
Median 50%
$97,000
Median 50%
$97,000
Median 50%
$130,000
Max 90%
Best Paying Company
VMware
Highest Paying City
San Francisco, CA
Highest Paying State
New Jersey
Avg Experience Level
2.6 years
How much does a Lead Business Analyst make at top companies?
The national average salary for a Lead Business Analyst in the United States is $97,742 per year or $47 per hour. Those in the bottom 10 percent make under $73,000 a year, and the top 10 percent make over $130,000.

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Top Skills for A Lead Business Analyst

  1. Business Requirements
  2. Test Cases
  3. User Interface
You can check out examples of real life uses of top skills on resumes here:
  • Developed and updated functional use cases and conducted business process modeling to explain business requirements to development and QA teams.
  • Articulated business and functional requirements into detailed testing scenarios and further translated them into test cases.
  • Documented functional requirements using use cases, requirement documents, process flow diagrams, business rules and user interface specifications.
  • Help the Project Manager with project management related activities specifically for requirement management activities and preparing Phase 4 related documents.
  • Reviewed and edited requirements, specifications, business processes and recommendations related to proposed solution.

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Top 10 Best States for Lead Business Analysts

  1. New Jersey
  2. New York
  3. Virginia
  4. Rhode Island
  5. Delaware
  6. District of Columbia
  7. California
  8. Colorado
  9. Washington
  10. Wisconsin
  • (1,032 jobs)
  • (1,663 jobs)
  • (1,984 jobs)
  • (118 jobs)
  • (130 jobs)
  • (531 jobs)
  • (4,290 jobs)
  • (693 jobs)
  • (811 jobs)
  • (503 jobs)

Top Lead Business Analyst Employers

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